Two memoranda of understanding for the creation of four factories in the automotive sector with a total investment of 912 million dirhams and generating 8,300 jobs were signed this Tuesday, January 12 in Casablanca, during a ceremony chaired by the Minister of Industry, Commerce and Green and Digital Economy, Moulay Hafid Elalamy (MHE).
These investments relate to the construction of new industrial cable harness production units by the two Japanese groups Yazaki and Sumitomo.
Yazaki’s investment, amounting to 462 million dirhams, consists of the extension of its activities in Morocco through the creation of three new factories of the group in Tangier, Kénitra and Meknes, allowing to create 6,300 jobs.
For its part, Sumitomo is planning the creation of its 5th factory in Casablanca in order to meet the needs of its customers FCA and CNH Global. This new investment of 450 million dirhams will generate 2,000 jobs.
Speaking on this occasion, MHE indicated that these new investments attest to the resilience of the Moroccan industrial sector and the confidence in the Moroccan production platform, whose quality, performance and diversity offer excellent prospects for the future and growth to global industrial leaders.
Under the leadership of King Mohammed VI, Morocco is on the way to becoming the most competitive automotive hub in the world. We intend to continue this momentum by improving the deep integration of our ecosystems and decarbonizing industrial production, he added.
As a reminder, the Yazaki group has been present in Morocco since 2000, through a factory in Tangier employing 4,650 people, two others in Kénitra employing a staff of 4,200 people and a fourth in Meknes employing 4,000 people. Its turnover in Morocco amounts to 5 billion dirhams per year.
Sumimoto meanwhile, settled in Morocco in 2001 through 3 subsidiaries: Sews MFZ, SEBN and Sews Cabind. The leading employer in Morocco with 25,000 jobs created, this group employs more than 6,300 people within its Sews Cabind company in its 4 production plants, including two in Ain Harrouda, one in Casablanca and another in Berrechid.